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Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the end of May. As such, the company believes that the net income target of Rp 3 trillion (approx. US$ 352,567,869) through 2011 can be achieved.
Sukrisno, the Bukit Asam CEO, said that this year the company has set the coal production and purchase target at 17.57 million tons, a 23 percent growth compared to last year’s 13.02 million tons.
“The profit came from the Bukit Asam production and from its subsidiary businesses,” he said yesterday, after the shareholders’ meeting.
This year’s production target will be larger than the sales due to the company’s forecast of an increase in exports.
Achmad Sudarto, the Corporate Secretary, added that 1.2 million exports reached 30 percent with Japan as the biggest destination. This year the company will work to increase the sales to Japan by 1.8 million tons.
In order to reach this target, the company will optimize the production of PT International Prima Coal, its subsidiary company, to 0.9 million tons. In addition, the company will boost its trading volume to 1.2 million tons.
To operate more efficiently, Bukit Asam has constructed two units of thermal power plants (PLTU) in Tanjung Enim with a capacity of 3 x 10 megawatts and 2 x 8 megawatts at Tarahan port.
“This year, the Tanjung Enim PLTU will be ready for operation,” he said.
The shareholders meeting has decided to distribute a dividend of Rp 523.12 (approx. US$ 0.0614784 ) per share (1 USD = 8,509.00 IDR).
Source: Tempo Interactive ( Akbar Tri Kurnuawan)
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Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
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- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- White Energy Company Limited
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
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